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Jul 19, 2011
07/11
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>> that is a big question. in the end, probably both, but what i hear is that the euro zone debt might have even bigger problems than the united states. if you look at the currency market, the dollar is trading higher in comparison to the euro, and this relative dollar's strength is hurting energy prices. oil is down by a good $2 per barrel. the dow jones industrial average, this is trading lower. >> looking at one company in particular, news corp. shares have fallen. and all cost the first big resignation in the states over the weekend. do people believe the murdoch empire is in danger? >> well, people talk about it. if news corp. may be split up into different pieces or separate pieces, if that is going to happen. it is too early to call, but it is a possibility, so a lot of uncertainties surrounding news corp. and also what might be on the legal side in the united states. there are stories that maybe the u.s. had families of the 9/11 victims hacked into. since the scandal broke, the stock is down roughly by
>> that is a big question. in the end, probably both, but what i hear is that the euro zone debt might have even bigger problems than the united states. if you look at the currency market, the dollar is trading higher in comparison to the euro, and this relative dollar's strength is hurting energy prices. oil is down by a good $2 per barrel. the dow jones industrial average, this is trading lower. >> looking at one company in particular, news corp. shares have fallen. and all cost...
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Jul 9, 2011
07/11
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but these plastic peanuts are a big problem for communities trying to recycle. because they're designed to take up a lot of space. the good news is that package filler can be reused. there's even a plastic peanut hotline to find out who in your area will accept them. for more information, check out our website. >>> now here's louie with a look at a career you might consider some day. >> do you have what it takes to hold someone's life in your hands? surgeons do it every day. they are doctors who are on the cutting edge of medicine. literally. a surgeon works in an operating room, leading a team of highly skilled doctors and nurses. the procedures are complex and require extensive knowledge of the inside of the human body. you need to have steady hands and great endurance. some operations take hours to complete. after college and medical school, surgeons train alongside experienced doctors. some surgeons specialize in particular areas of the body. they also learn to be good communicators. that way they can help patients and their families get through the operatio
but these plastic peanuts are a big problem for communities trying to recycle. because they're designed to take up a lot of space. the good news is that package filler can be reused. there's even a plastic peanut hotline to find out who in your area will accept them. for more information, check out our website. >>> now here's louie with a look at a career you might consider some day. >> do you have what it takes to hold someone's life in your hands? surgeons do it every day. they...
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Jul 15, 2011
07/11
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many viewed the big change as an on goal. the government will have to deal with displeasure at imminent changes to the german landscape. huge energy pylons did not go down well with the electorate. the next challenge came in the u.n. security council, where germany broke ranks with the u.s., france, and britain. there would be no german participation in the military deployment in libya. the majority of germans felt that was the right decision. only one in three thought germany was wrong to abstain in the libya resolution. 8% were not sure. this new tactic on the part of the german foreign minister caused a degree of irritation among european and transatlantic allies. it came under fire as a result. >> our problem is that as germany we no longer have a common european role. we have not managed to keep all the european countries together. that is the point. >> spectators feel the overall performance of the foreign minister has been disappointing. only one in four germans is satisfied with his work. >> you do not really get the
many viewed the big change as an on goal. the government will have to deal with displeasure at imminent changes to the german landscape. huge energy pylons did not go down well with the electorate. the next challenge came in the u.n. security council, where germany broke ranks with the u.s., france, and britain. there would be no german participation in the military deployment in libya. the majority of germans felt that was the right decision. only one in three thought germany was wrong to...
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Jul 6, 2011
07/11
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there is a big trade dispute going on right now. the european union and mexico which took objection to the abuse of quotas, china must either appeal the ruling or comply by removing the restririctio. failure to do so will enable the u.s. to respond with trade sanctions. they are used in the electrical appliances and predominantly in ththe stl industry. the banking system could also be headed for some big trouble. they have failed to keeeep track of economic stimulus funds. the total value could be well over 300 billion euros. the scale of such loans could pose a threat to china of's entire banking system and the risk exposure could change the credit outlook. the trade manufacturer has plans to cut more than 1400 jobs. a move that will eliminate half of the entire work force. the decision comes after they failed to win a major contract to build more than 1000 train carriages in britain. >> of the contract is part of the plan to upgrade the rail lines. the consortium won the final better. the contract calls for the construction ofá 1
there is a big trade dispute going on right now. the european union and mexico which took objection to the abuse of quotas, china must either appeal the ruling or comply by removing the restririctio. failure to do so will enable the u.s. to respond with trade sanctions. they are used in the electrical appliances and predominantly in ththe stl industry. the banking system could also be headed for some big trouble. they have failed to keeeep track of economic stimulus funds. the total value could...
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Jul 30, 2011
07/11
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>> his reputation has taken a big hit this week, no doubt about that. the momentum is shifting from the house, led by the republicans, to the senate, led by the democrats. they are drafting their own legislation, trying to push that through. i have outlined a plan to push that through, including a 1:00 a.m. morning's vote on sunday. you cannot really trust that confirmation at the moment until it has happened. as for the president, he is on the sidelines at the moment. many people are criticizing him, not doing enough. work. this whole thing is not making anybody look good. >> and not giving people much time to sleep. we know where you will be sunday morning at 1:00. thank you. >>> wow, they will be burning the the night oil. >> let's turn to corporate news. german companies reporting strong earnings. continental has raised its full- year sales forecast after profits doubled, 700 million euros and for six months. long-term prospects are good because the german government wants to see 1 million electric cars on the road by 2020. the traditional car compa
>> his reputation has taken a big hit this week, no doubt about that. the momentum is shifting from the house, led by the republicans, to the senate, led by the democrats. they are drafting their own legislation, trying to push that through. i have outlined a plan to push that through, including a 1:00 a.m. morning's vote on sunday. you cannot really trust that confirmation at the moment until it has happened. as for the president, he is on the sidelines at the moment. many people are...
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Jul 20, 2011
07/11
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. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never tried before, and it is wishing europe bloc -- he said it is an extraordinary attempts, such that nations have never tried before, and he is pushing europe luck. >> some clouds on the horizon. a closely watched survey said dennis analysts and institutional investors are in anticipating a weaker performance in the months to come -- a closely watched survey said analysts and institutional investors are anticipating a weaker performance in the months to come. use 9 last month. reflecting concern that the debt crisis, could spread to italy. however, the drop in german expectations may not translate t
. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never...
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Jul 16, 2011
07/11
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KRON
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man: ♪ i'm home woman: ♪ i'm home ♪ where i belong >>> overweight teens face two big hurdles. ,ç]k to a healthy routine. but it's even harder to stick to a weight loss routine when your "peers" are "peering" over your shoulder. healthy online.gqbú4d sqican teens are overweight. yet for many teens, being heavy means feeling terribly alone.÷÷q >> i started gaining weight probably when my parents got divorced when i was about 7. and then i got all the way up to about 285 pounds when i was in freshman year of high school. it's like i was overweight and unhappy with myself and the way i looked. i avoided social situations and stuff like that. >> so how did she get from there to here in a year? jackie says losing more than 100 pounds started with a change in attitude. >> in maintaining a healthy lifestyle, you have to keep in mind that it's a mental change, first. it should be you changing your lifestyle, not following a fad or trying to fit into a certain size. you should be trying to be more comfortable with yourself. >> that's where an online community called "fitsmi" enters
man: ♪ i'm home woman: ♪ i'm home ♪ where i belong >>> overweight teens face two big hurdles. ,ç]k to a healthy routine. but it's even harder to stick to a weight loss routine when your "peers" are "peering" over your shoulder. healthy online.gqbú4d sqican teens are overweight. yet for many teens, being heavy means feeling terribly alone.÷÷q >> i started gaining weight probably when my parents got divorced when i was about 7. and then i got all the...
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Jul 29, 2011
07/11
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KRCB
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. >> it shot a big hole into the company's results. it will years ago, the ceo and russian prime minister agreed to a partnership with the russian state energy concern. the partnership explicitly forbidden under an agreement with the former french joint venture partner. in may, an arbitration panel ordered siemens to pay damages. another big setback came from the company's health-care operations. the invested heavily in new particle beam therapy to treat cancer. now, it has taken a charge after reevaluating the commercial feasibility of the new technology. the company's other main areas -- heavy machinery and rail transport -- remain strong, but russia says that risks in the global economic outlook are increasing. siemens is already feeling the pressure of increased competition in the wind turbine market. >> the u.s. debt crisis is still unresolved. greece is still struggling with its spiraling debt, and concerns about rome's ability to cut its sovereign debt. italy's borrowing costs soared to almost 6%. the auction was conducted in ab
. >> it shot a big hole into the company's results. it will years ago, the ceo and russian prime minister agreed to a partnership with the russian state energy concern. the partnership explicitly forbidden under an agreement with the former french joint venture partner. in may, an arbitration panel ordered siemens to pay damages. another big setback came from the company's health-care operations. the invested heavily in new particle beam therapy to treat cancer. now, it has taken a charge...
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Jul 8, 2011
07/11
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a court found in his favor, spurring a big public debate. >> it may prevent suffering in individual cases, but in every single case, it denies a conceived human life the right to live. we should not do that. >> no one takes the decision to have the in vitro fertilization lightly. it is an extremely stressful procedure. both physically and psychologically, and it carries a social stigma. >> couples to go this route already have a long history of suffering behind them. ultimately, arguments like that won, but the use of the procedure will be strongly restrict it. the only parents with hereditary illnesses will qualify. a few hundred couples are likely to benefit each year. >> i am relieved that a sensible world will affect the majority and couples are not prevented from seeking treatment in germany. >> this person finally knows where he stands after campaigning for the procedure the last six years. >> later, the discussion over embryo screening. >>> britain's biggest selling sunday paper has been shut down at amidst the phone hacking scandal. "news of the world" journalists have been accuse
a court found in his favor, spurring a big public debate. >> it may prevent suffering in individual cases, but in every single case, it denies a conceived human life the right to live. we should not do that. >> no one takes the decision to have the in vitro fertilization lightly. it is an extremely stressful procedure. both physically and psychologically, and it carries a social stigma. >> couples to go this route already have a long history of suffering behind them....
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Jul 22, 2011
07/11
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it's a big growth is in the mobile sector and not in the pc market which had to lower the expectations for the pc business for the months ahead. there is a mixed outlook and that is the reason why the stock of intel is losing in the thursday session. >> what other shares or stories are standing out in the session? >> basically, we got extremely good numbers if you compare them to expectations from morgan stanley, the last big american bank to come out with earnings. the stock is trading up by 1.9%. that helps to support financial stocks and wall street. we had a pretty gloomy outlook from pepsi. they had decent numbers for the past but the outlook is a bit disappointing. that stock is one of the bigger losers with a drop of about 5%. >> thank you very much. staying with earnings, things are looking up for american express. cardholders spend a record amount in the second quarter of this year and that sent profits surging to over $1.3 billion. this was a bit of a comeback. many corporate clients cut back on spending during business trips during the financial crisis and financial -- and a
it's a big growth is in the mobile sector and not in the pc market which had to lower the expectations for the pc business for the months ahead. there is a mixed outlook and that is the reason why the stock of intel is losing in the thursday session. >> what other shares or stories are standing out in the session? >> basically, we got extremely good numbers if you compare them to expectations from morgan stanley, the last big american bank to come out with earnings. the stock is...
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Jul 16, 2011
07/11
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. >> there are so many big problems, especially in my age group. we have to rethink the entire system. >> with this austerity program, when is our economy going to grow again? this economy will never grow again. >> some economists say the measures will dampen growth. something had to be done. it today's overall debt is among the highest in europe. markets will keep a close eye on the country until the austerity measures start showing results. >> european stocks slid on a friday and posted their biggest weekly loss in four months. the german benchmark index closed in positive territory. across the atlantic, the dow jones industrial managed to close the day in positive territory. the euro is trading with $1 at $1.46. barack obama has warned that time is running out on raising the a limit the -- raising the limit on the amount of debt the u.s. can have. a decision is needed to avoid a possible default in early august. billy could mean a rise in interest rates in- -- failure could mean a rise in interest rates. more news with brian thomas. >> western a
. >> there are so many big problems, especially in my age group. we have to rethink the entire system. >> with this austerity program, when is our economy going to grow again? this economy will never grow again. >> some economists say the measures will dampen growth. something had to be done. it today's overall debt is among the highest in europe. markets will keep a close eye on the country until the austerity measures start showing results. >> european stocks slid on a...
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Jul 23, 2011
07/11
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KRON
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. >> here it is -- the big test. if it's still more than a week away, you have a chance to make the most of each minute you study. stretching out your studty time is important. in fact, experts at the university ofa' north carolina y the more your study time is spaced out the more you'll remember. that means a half hour a day for five days a better than five hours on one day. so don't wait till the night before. plan out your week leading up to the exam, and give yourself a little more time each night for studying the test subject. i'm natalie here to help you make the grade. these students are rehearsing for their school's big winter play. this year they're staging "the sounds of music." >> i wanted the children to say good night the way they did last night. >> no, not here. >> please, the way they did it for me.$ >> originally a musical on broadway, most of us know the "sound of music" with the movie with julie andrews. ♪ the hills are alive with the sound of music ♪ >> in fact, the film classic is celebrating
. >> here it is -- the big test. if it's still more than a week away, you have a chance to make the most of each minute you study. stretching out your studty time is important. in fact, experts at the university ofa' north carolina y the more your study time is spaced out the more you'll remember. that means a half hour a day for five days a better than five hours on one day. so don't wait till the night before. plan out your week leading up to the exam, and give yourself a little more...
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Jul 12, 2011
07/11
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could blow apart europe's approach of bailing out small countries like greece in hopes of protecting big ones. >> the threat today is for the whole eurozone, so we need to find a solution. >> ministers signed off on what they hope will be part of the new solution, the new bailout fund that will kick in from 2013, but as they all know, a lot could change before then. >> our brussels correspondent has been following the discussions by the eurozone finance ministers in brussels. can you tell us what has come out of today's debt crisis talks? >> the formal agreement on anything has now been pushed back into another meeting of finance ministers later this month, but they have been discussing a lot. of course, the focus has been on greece and the question of a second bailout for greece. is it possible? how much will be needed? when will it be triggered? and, crucially, should private bondholders take their share responsibly? should there be obliged to extend their lines of credit to greece to put off the evil day when they will need a second bailout and call in their dead? the ecb, the europea
could blow apart europe's approach of bailing out small countries like greece in hopes of protecting big ones. >> the threat today is for the whole eurozone, so we need to find a solution. >> ministers signed off on what they hope will be part of the new solution, the new bailout fund that will kick in from 2013, but as they all know, a lot could change before then. >> our brussels correspondent has been following the discussions by the eurozone finance ministers in brussels....
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Jul 14, 2011
07/11
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competition. >> the problem have right now is the regulatory framework lead to the dominance of the big three. that market has to be opened up, or there can't be any competition. >> assessing government that is big business. the experts cast out to set up a european ratings agency as a counterweight to commercial agencies. >> with you think about a state run ratings agency issuing national ratings, it is hard to see those ratings as credible. >> whether or not investors believe that will ultimately be repaid. >> it is not just about creating new rating agencies, rising economies are also calling for the establishment of independent agencies in their own countries. and there are calls for 80-20 agency as well. they point to the example of italy this week but came under attack by financial markets. the country is the third largest economy in europe. the borrowing rates are a white- collar form of strongarm robbery. a specially as rome is considering more cuts. >> other crisis, at this time is italy's finances in trouble. national that is almost 120% of gdp. twice the amount allowed. the h
competition. >> the problem have right now is the regulatory framework lead to the dominance of the big three. that market has to be opened up, or there can't be any competition. >> assessing government that is big business. the experts cast out to set up a european ratings agency as a counterweight to commercial agencies. >> with you think about a state run ratings agency issuing national ratings, it is hard to see those ratings as credible. >> whether or not investors...
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Jul 9, 2011
07/11
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for many americans, there's a big degree of this dog just connected to the shuttle. 1 million people traveled to florida to catch a glimpse of the final lift off. we begin our in depth with a look at how the shuttle revolutionized space shuttle as well as some of the challenges it has faced over 30 years of operation. ♪ >>he space sttle is the symbol of the u.s. space program for more than three decades. it began with the dream of flying weekly missions into orbit. they were on hand for the debut of the prototype. no one had seen a spaceship like it. after vertical lift off, it could glide back and land like an airplane and ready for another mission began. -- it again. ;>> everyone wondered what spaceflight with wings would be like. it was supposed to be simpler with less acceleration. it was uncharted territory for nasa. >> it also paved the way for other countries to join nasa it in exploring space. the europeans build a research lab specially designed for the shuttle's loading bay. it is your ticket to manned space flight. -- it was europe's ticket to manned space flight. the fi
for many americans, there's a big degree of this dog just connected to the shuttle. 1 million people traveled to florida to catch a glimpse of the final lift off. we begin our in depth with a look at how the shuttle revolutionized space shuttle as well as some of the challenges it has faced over 30 years of operation. ♪ >>he space sttle is the symbol of the u.s. space program for more than three decades. it began with the dream of flying weekly missions into orbit. they were on hand for...
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Jul 2, 2011
07/11
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you go out in space, you look back, it's a big blue marble planet we live on. as planet "ocean" residents we have to do our part. >> reporter: to learn more you can visit helvarg's website, bluefront.org. when it comes to saving the ocean, i guess you can say it's time to sink or swim. >> stay with us. there's lots more still to come on "teen kids news." >> we'll be right back. >>> and now our fox in the classroom update. >> nato confirming one of its air strikes on tripoli went offtarget and caused civilian casualties. the libyan government accusing nato of killing nine civilians in the air strike on a residential neighborhood in the capital. meanwhile, syrian forces sweep through the northwestern border region to block refugees from escaping to turkey. president bashar al assad blaming saboteurs for the recent violence and protests. >>> wind gusts continue to challenge crews fighting arizona and new mexico wildfires. thousands of residents in southern arizona evacuating their homes as powerful winds push the flames acrossroads and containment lines toward pop
you go out in space, you look back, it's a big blue marble planet we live on. as planet "ocean" residents we have to do our part. >> reporter: to learn more you can visit helvarg's website, bluefront.org. when it comes to saving the ocean, i guess you can say it's time to sink or swim. >> stay with us. there's lots more still to come on "teen kids news." >> we'll be right back. >>> and now our fox in the classroom update. >> nato confirming...
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Jul 5, 2011
07/11
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the 108 kilometers culminated this finish, a whisker ahea for his first ever tour de france big 3. germany is gearing up for thehe tour de france. the coach says the team will have to fine-tune its strategy. the german women may be failing to live up to their status. they are sticking to the game plan. the players are looking to improve. >> we have to start playing proper football. straight out attacking the banks so far, we've slipped up on making the final bass and converting our chances -- making the fina pass onrtinour ch if we can donce time. >>ngermy'ud eng. atold ofhe neplaaoe n n lltoy t hepackard set up operations here years ago. the company has invesd the 3miion euros here and continues for the work force of more than 2000. us the openness, meaning t attitude of the people, and the bience of thepele, and of the city. you love had a good mixf naturally, that hasadusor open to strangers or to rene. >> po companies with strong economic growth and low taxe they bef from the strategic locationon at eze borders right into the middle of europe. while some europeanouri are focuse
the 108 kilometers culminated this finish, a whisker ahea for his first ever tour de france big 3. germany is gearing up for thehe tour de france. the coach says the team will have to fine-tune its strategy. the german women may be failing to live up to their status. they are sticking to the game plan. the players are looking to improve. >> we have to start playing proper football. straight out attacking the banks so far, we've slipped up on making the final bass and converting our...
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136
Jul 7, 2011
07/11
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KCSM
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that is the big challenge for the national transitional council. in west libya, the fighting is going on. there is a gap and a difference between the east and west libya. >> us talk about the facebook generation. how much of a difference is it making in libya? >> it is interesting to me, the rebels. they are the generation of facebook. the people fighting now are those who used to chat on facebook. this helps indication between them. even to get international attention by spreading videos and photos. the proof of that was that gaddafi shut down the internet. in the gaza, they are getting access again. >> what can the international community to to support the rebels? >> the most important thing is that they recognize the national transitional council as the traditional -- legitimate representative of the libyan people. that is the most important thing. they will meet in is a symbol. they will work to support the libyans financially. -- they will meet in istanbul. >> what can germany due to support the rebels? >> germany's part is important in buildi
that is the big challenge for the national transitional council. in west libya, the fighting is going on. there is a gap and a difference between the east and west libya. >> us talk about the facebook generation. how much of a difference is it making in libya? >> it is interesting to me, the rebels. they are the generation of facebook. the people fighting now are those who used to chat on facebook. this helps indication between them. even to get international attention by spreading...
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335
Jul 30, 2011
07/11
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KRON
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baseball glove it looks like a man machine did it but therer no machine to do any of this, so here, trite big one this one concentrated. r feels like/ about my size. all it's missing is my name >> ha ha haf ha. >> &cthat's me. ÷wp h so, howq8 can a glove affect ho an athlete perform? >> a smaller glove will enhance larger glove like this can because it's longer, it gives i& more reach. thec:o glove really is an extenn à somethingb to aid to aid him in% playing.ú but it's really all >> i need a glove that's going to catch everything. can you help083me out? og >> this is a start. >> perfect. oh, wait. >> you there go. it's heavy. it's been so great seeing how to make a glove and it's been a lot of work with. this is the field report. i'm sienna. catch you later.k4t >>> a typical golf ball can take up to 1,000 years to decomp pos and it's estimated that 300 million of them are lost or th-é9 away every <)h"m it dissolves in water and these that hit it there.ness again. and for the small, local companies that drive our economy, that means the ability to hire more workers, increase production a
baseball glove it looks like a man machine did it but therer no machine to do any of this, so here, trite big one this one concentrated. r feels like/ about my size. all it's missing is my name >> ha ha haf ha. >> &cthat's me. ÷wp h so, howq8 can a glove affect ho an athlete perform? >> a smaller glove will enhance larger glove like this can because it's longer, it gives i& more reach. thec:o glove really is an extenn à somethingb to aid to aid him in% playing.ú but...
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298
Jul 26, 2011
07/11
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eye 298
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together, the firm's fate founded are known as the big three, and command a 93% share of the market. they look at the books of businesses and countries and judge how able they are to pay back financial observations. in a complex internet -- international economy, this information is vital to investors. when the bretton woods system of monetary management fell apart in the 1970's, the role of ratings agencies became even more important. the u.s. government gave them the task of assuring financial reliability. the european union has also require banks to increase capital in line with risk exposure. that risk is measured by the ratings agencies. >> the influence of ratings agencies lies on the one hand in the way their evaluation system has been incorporated into legislation. on the other hand, many business contracts are tied to the marks of the ratings agencies. that means certain private investors will only invest if there is a certain rating. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system histor
together, the firm's fate founded are known as the big three, and command a 93% share of the market. they look at the books of businesses and countries and judge how able they are to pay back financial observations. in a complex internet -- international economy, this information is vital to investors. when the bretton woods system of monetary management fell apart in the 1970's, the role of ratings agencies became even more important. the u.s. government gave them the task of assuring...
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Jul 1, 2011
07/11
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we agree across the political spectrum how the big sector pensions need to be reformed. we need to do that in a reasonable way. >> the strike was the largest in britain for many years. unions said the action might be followed by larger protests later this year when a major public spending sector cuts are expected to begin to bite. >> human-rights activists and syria say security forces have killed at least 19 people in the north of thee country in the past 40 hours. the regime of president assad has move forces to stop refugees from fleeing into turkey. protests against the government continue across the country. hundreds of protesters took to the streets of all. for the first time. in a border town, sir joseph -- soldiers used tear gas. more than 30 people have died as a result of the crackdown on pro-democracy demonstrators. -- more than 130 people have died as a result of the crackdown. jibral said he respected the german abstention in the u.n. vote but action is needed as the war against muammar gaddafi drags on. >> thursday was the third time that the german foreign
we agree across the political spectrum how the big sector pensions need to be reformed. we need to do that in a reasonable way. >> the strike was the largest in britain for many years. unions said the action might be followed by larger protests later this year when a major public spending sector cuts are expected to begin to bite. >> human-rights activists and syria say security forces have killed at least 19 people in the north of thee country in the past 40 hours. the regime of...
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Jul 26, 2011
07/11
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were to default, we would see a big spike in long- term interest rates, so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates. so all of that could be quite problematic for the whole economy. so that's why, you know, certainly the treasury department and one has to say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this debate, is that already putting its own drag on these areas of the economy? >> well, so far i say the uncertainty about what is exactly going to happen, what's going to get cut, what could be affected is giving a lot of consumers and businesses pause, if you will, making it quite risk-averse. and one of the reasons we're going through a soft patch, it's not the only reason, one of the reasons is this uncertainty. and what is triggering is risk aversion on the part of businesses and consumers. so already in a sense they're anticipating or worried about what might happen and pulling back. >> ifill: as we sit
were to default, we would see a big spike in long- term interest rates, so that would affect mortgage rates. it would affect car lending rates. it would affect business lending rates. so all of that could be quite problematic for the whole economy. so that's why, you know, certainly the treasury department and one has to say the federal reserve as well very worried about this. and want to avoid this at all costs. >> ifill: does it have to actually occur or is merely this delay, this...